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How much is the global travel industry worth?
Last Updated: 19th April, 2020
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People also ask, how much is the travel industry worth?
Overview. The U.S. travel and tourism industry generated over $1.6 trillion in economic output in 2017, supporting 7.8 million U.S. jobs. Travel and tourism exports accounted for 11 percent of all U.S. exports and nearly a third (32 percent) of all U.S. services exports.
Beside above, is travel the largest industry in the world? The travel and tourism industry is one of the world's largest industries with a global economic contribution (direct, indirect and induced) of over 7.6 trillion U.S. dollars in 2016.
Besides, how much is the travel industry worth 2019?
The global online travel market was worth more than US$629 billion in 2017, and is predicted to reach almost US$818 billion by 2020. (Salecycle, 2019).
How much is tourism worth globally?
The global Travel & Tourism sector grew at 3.9% to contribute a record $8.8 trillion and 319 million jobs to the world economy in 2018.